Is Dell Pulling a Fast One?

Michael Dell wants to pay shareholders just eight times earnings to take his company private.

It looks like Michael Dell is trying to steal his company from public shareholders. The big question is whether he will get away with it.

The markets seem to be saying that Michael Dell will be able to pull off the $24.4 billion buyout deal approved by the board this morning. Dell (ticker: DELL) shares now trade around 13.38, up 11 cents on the session, but below the buyout price of $13.65 in cash announced this morning. If investors...